The shares of NB Plc were admitted to trading on the floor of the Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is one of the topmost companies on The Nigerian Stock Exchange with a market capitalisation of over N1.1 trillion as at 31 st December, 2017.
With about 111,462 shareholders as at 31st December, 2017, the authorised share capital of the Company is N5 billion, divided into 10 billion Ordinary Shares of 50 kobo each. The issued and fully paid up share capital as at 31 st December, 2017 stood at 7,996,902,051 Ordinary Shares of 50 kobo each. As at 31 st December, 2017, Heineken N.V had a majority shareholding of 55.95% while 44.05% is held by Nigerian and foreign individuals and associations.
The Board of Directors of the Company will recommend to Shareholders at the forthcoming Annual General Meeting, the declaration of a total dividend of N33,027,205,471 (thirty-three billion, twenty-seven million, two hundred and five thousand, four hundred and seventy-one naira), that is N4.13 (four naira thirteen kobo) per ordinary share of 50 kobo each. The Company has earlier paid an interim dividend of N7,996,902,051 (seven billion, nine hundred and ninety-six million, nine hundred and two thousand and fifty-one naira) that is, N1.00 (one naira) per share. Thus, the final dividend will be N25,030,303,420 (twenty five billion, thirty million, three hundred and three thousand, four hundred and twenty naira) that is, N3.13 per share. If the proposed final dividend is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will become payable on the 23rd of April, 2018, to all shareholders whose names appear on the Company’s Register of Members as at the close of business on the 6 th of March, 2018.
Webcast & Presentation
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Although the Nigerian economy officially exited recession in the second quarter of 2017, the aftershocks continued throughout the year. Whilst the foreign exchange situation improved in the course of the year, double digit inflation continued to impact both businesses and consumers. Nevertheless, the Company was able to end the year with improved results through continuous focus and execution of the twin agenda of Cost Leadership and Market Leadership supported by Innovation.